It's been reported on other media that there was in fact a substantial assessment (on the order of 100K per unit), which would have been about $15MM for the building. It's been described as "balcony repair", but that much money sounds more like structural remediation than some cosmetic repairs.
In any event, maintenance was obviously deferred for decades, regardless of what other contributing factors will be found by forensics.
Then it appears that everyone was acting in good faith to fix the issue.
I am working on a building that has almost two decades of deferred maintenance. I’ve blown the budget every year by over $150K just getting things repaired. I need $6M more.
You read that right. Six million.
It also depends on how long the building manager was on property and what prior boards did/did not do. The person before me didn’t have a clue.